Ace hardware paid an annual dividend of 125 per share last, Financial Management

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Ace hardware paid an annual dividend of 125 per share last

Ace Hardware paid an annual dividend of $1.25 per share last month. Today, the company announced that future dividends will be increasing by 2.5% annually. If you require a 11% annual rate of return, how much are you willing to pay to purchase one share of this stock today?

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Financial Management: Ace hardware paid an annual dividend of 125 per share last

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Financial Management: Ace hardware paid an annual dividend of 125 per share last

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